According to the research report titled ‘Middle East Cyber Security Market Analysis, 2021’, available with Market Study Report, Middle East cyber security market is speculated to grow at an annual rate of 14% between 2021-2026.
 

Surging cyberattacks, coupled with increasing adoption of advanced technologies like 5G, cloud computing, and IoT across large enterprises and SMEs are key factors spurring Middle East cyber security industry expansion. Also, rapid digitalization, backed by smartphone penetration, and emergence of internet backing are boosting the demand for cyber security solutions.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3583527/
 

Amid the Covid-19 pandemic, many companies have adopted the trend of working remotely to control the spread of this novel virus. This has increased internet traffic, amplifying the risk of cyberattacks. Notably, UAE recorded a 250% surge in cyberattacks in 2020.  Hence, growing ransomware and phishing instances will bolster the market share.
 

Speaking of component type, Middle East cyber security market is bifurcated into solutions, and services. Based on security type, the market sphere is fragmented into network security, app security, end point security, industrial control system security, cloud security, and content security.
 

Moving on to end user spectrum, the industry is divided into BFSI, healthcare, oil & gas, utilities, IT & telecom, and others. According to enterprise size, Middle East cyber security market space is segregated into large, small, and mid-size.
 

As per deployment model, the industry is segmented into cloud, hybrid and on-premise. Among these, cloud segment captured majority of the market share in the recent past and is slated to grow substantially through 2026, owing to rising expenditure by enterprises on security infrastructure, increasing cloud integration across SMEs, and growing use of cloud-based managed security services (MSS).
 

The report analyses this business domain with regards to countries such as UAE, Qatar, Saudi Arabia, Turkey, Kuwait, Israel, Bahrain, Egypt, and Oman. Statistical data pertaining to market share & growth rate predictions, revenue garnered, and sales amassed is covered for each country.
 

Key players profiled in Middle East cyber security market report are International Business Machines (IBM) Corporation, Malwarebytes, Protiviti Inc., Cisco Systems Inc., Check Point Software Technologies Ltd., FireEye Inc., Fortinet, LogRhythm Inc., Forcepoint, Sophos Group plc, Huawei Technologies Co. Ltd., Kaspersky Lab, DTS Solution, AT&T Cybersecurity, Palo Alto Networks Inc., RAS Infotech Limited, McAfee  Corporation, Trend Micro Inc., and CodeGreen Systems.